Lawmakers propose to amend mortgage regulations to include digital assets like Bitcoin in credit assessments.
U.S. Representative Nancy Mace introduced a new bill, H.R.4374, on July 14, proposing that mortgage lending institutions must consider the Bitcoin and other cryptocurrency assets held in borrowers' brokerage accounts during credit assessments. This proposal has been referred to the House Financial Services Committee and the Veterans Affairs Committee and is currently in the introduction phase, awaiting further deliberation.
Image source: Congress Nancy Mace introduced a new bill, H.R.4374, suggesting that mortgage lending institutions must consider the Bitcoin and other cryptocurrency assets held in borrowers' brokerage accounts during credit assessments.
Under current regulations, most cryptocurrency assets are overlooked in mortgage review processes; traditional underwriting assessments typically only consider cash, bank balances, and tax information. If this bill passes, it will update the underwriting systems of various institutions to reflect the value of digital assets held through cryptocurrency platforms.
The scope of this bill is not limited to Bitcoin but encompasses all digital assets held through broker platforms connected to cryptocurrency exchanges. This could prompt relevant institutions to define which platforms meet the underwriting recognition standards, establishing a clearer framework for the status of digital assets within the traditional financial system.
Including digital assets like Bitcoin in mortgage assessments is expected to assist borrowers holding cryptocurrencies in enhancing their mortgage application qualifications. This change could significantly increase opportunities for young investors and early adopters to obtain home loans.
Veterans' home loans will benefit, with VA applicants expected to gain more credit advantages.
This bill also includes provisions affecting the Department of Veterans Affairs. Veterans applying for VA-backed home loans may benefit if their Bitcoin and cryptocurrency holdings are considered during the credit check process. This change is expected to improve the chances of servicemembers participating in the digital asset industry obtaining home loans.
The VA loan program has always been an important channel for U.S. veterans to purchase homes, offering favorable loan conditions and lower down payment requirements. If the bill passes, veterans holding Bitcoin or other digital assets will be able to use these assets to enhance their credit standing, further improving their home buying capabilities.
This proposal echoes the statement made by Bill Pulte, Director of the Federal Housing Finance Agency (FHFA), in June 2025. Pulte indicated at the time that plans were underway to begin using cryptocurrency holdings, including Bitcoin, in mortgage qualification reviews.
The financial community is optimistic about the policy's impact, with experts expecting it to elevate Bitcoin's financial status.
Cathie Wood, CEO of ARK Invest, remarked on Pulte's statement that this move would significantly enhance Bitcoin's role in the financial industry. She believes that including cryptocurrencies in mortgage assessments can help young investors and early adopters qualify for home loans.
Currently, the U.S. housing market has a high threshold for young homebuyers, with rising home prices and traditional credit assessment standards making it difficult for many young people to obtain mortgages. If digital assets like Bitcoin can be recognized as valid financial resources, it will provide new pathways for this group to purchase homes.
The timing of this bill coincides with the Trump administration's push for 'Cryptocurrency Week' legislation, reflecting the government's emphasis on digital asset policy. President Trump promised during his campaign to make the U.S. the 'undisputed Bitcoin superpower and global cryptocurrency capital,' and is currently gradually fulfilling relevant policy commitments.
Legislative process awaits advancement, still requiring passage in both chambers and presidential signature.
The bill has yet to be debated or voted on in the House of Representatives or the Senate; it must be passed by both chambers and signed by President Trump to become law. Given the current political environment's relative friendliness towards cryptocurrencies, the bill has a certain chance of passing.
However, the implementation details of the bill still need further clarification, including how to assess the value volatility of digital assets, which trading platforms and brokers meet the recognition standards, and how to handle the high volatility of the cryptocurrency market and other technical issues.
This proposal represents an important step for the U.S. in integrating traditional finance with digital assets. If successfully implemented, it will provide more practical applications for Bitcoin holders while potentially promoting the adoption of cryptocurrencies in everyday financial services.
'Can Bitcoin be included in credit assessments? U.S. lawmakers propose: cryptocurrencies should be included in mortgage reviews!' This article was first published in 'Crypto City.'
